You can pay the $220 formation fee for an LLC in DC online via the DCRA Corp Online Portal. You must pay the filing fee whether your LLC application is accepted or rejected because it is non-refundable. Additionally, you must renew your LLC registration every year, and doing so costs $300.
In DC, dissolving an LLC is a rather straightforward process. Articles of Dissolution must be filed with the DCRA, which costs $80. Prior to dissolving your LLC, you must settle any outstanding obligations or taxes. Your LLC will be dissolved as soon as the DCRA accepts your Articles of Dissolution.
There isn’t a Secretary of State in DC. Instead, registering LLCs and other businesses in DC is the responsibility of the Department of Consumer and Regulatory Affairs (DCRA). You can browse the DCRA’s database of registered businesses to learn more about your LLC or other firms in DC.
Your LLC’s DCRA registration is evidenced by a Certificate of Existence in DC. The DCRA will accept requests for certificates of existence in exchange for a $55 charge. Your LLC’s name, registration number, and the date it was created will all be listed on the certificate. If you want to conduct business with other companies, apply for financing, or create a bank account, you must have a Certificate of Existence.
You must submit a request to the DCRA and pay a cost of $55 in order to obtain a Certificate of Good Standing in Washington, DC. The certificate will demonstrate that your LLC is in good standing with the DCRA and that all of its taxes and filings are current. You may want a Certificate of Good Standing to demonstrate that your LLC is in good standing with the state of DC if you intend to conduct business in other states.
To summarize, the cost to incorporate an LLC in DC is $220, and the renewal price is $300. An LLC can be dissolved for $80, and a Certificate of Existence is available for purchase for $55. A certificate of good standing costs $55, and you must pay that amount to obtain one. To ensure compliance with state laws, it is crucial to comprehend these fees and procedures if you want to open a business in DC.
Businesses or people who want to do business in another state or nation or who want to apply for specific licenses or permits frequently need a letter of good standing. This letter serves as proof that a company is in conformity with all state laws and has made all required payments for fees and taxes. It is occasionally necessary when a company is looking for funding or investment.